• TFI average return on tangible equity for 2024 was 145.43, a 86.52% increase from 2023.
• TFI average return on tangible equity for 2023 was 77.97, a 50.58% increase from 2022.
• TFI average return on tangible equity for 2022 was 157.77, a 64.97% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.